Essential debt restructuring

Both the IMF and the World Bank require bilateral creditors to suspend debt payments of IDA countries that request leniency. The proposal reaches some 76 states, not including Argentina. It is why debt renegotiation and sustainability is more important than ever. For the Argentine State, the main restrictions to be dismantled have to do with unsustainable debt. For example, interest spending on the 2019 dollar debt was $12.4 billion, according to the Congressional Budget Office. To put it in perspective, that’s almost 3 points of GDP.

Source: Ámbito